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Iran Insurance Report Q3 2012 - Product Image

Iran Insurance Report Q3 2012

  • ID: 2199734
  • July 2012
  • Region: Iran
  • 74 pages
  • Business Monitor International

The Iran Insurance Report provides industry professionals and strategists, corporate analysts, insurance associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Iran's insurance industry.

The Iran Insurance Report considers the prospects for both life and non-life insurers in the country. As of mid-2012, the latest data published by Bimeh Markazi Iran, the insurance regulator, suggests that total premiums increased by 27% in Iranian year 1389, which ended in March 2011 (please note this year is shown as 2010 in the tables in this report). This was a lot more than the growth of 15% or so that we, and other commentators had been looking for. The implication is that non-life penetration has risen decisively above the level at which it had stagnated in 2005-10, specifically 1.1-1.2% of GDP. In the coming months, we will be looking for further details as to what are the key drivers of this growth. It is not impossible that the major insurers have been able to increase prices. We would be amazed, though, if it is significantly because of developments in Iran’s miniscule life insurance sector. One of the defining characteristics READ MORE >

Executive Summary 5
Table: Total Premiums 2009-2016 5

Key Insights And Key Risks 5

SWOT Analysis 7

Iran Insurance Industry SWOT 7

Iran Political SWOT 8

Iran Economic SWOT 9

Iran Business Environment SWOT 10

Life Sector 11

Middle East Life Sector Overview 11
Table: Middle East And Africa Life Premiums, 2008-2016 (US$mn) 11

Iran Life Sector Update 13

Life Insurance Industry Forecast Scenario 14
Table: Total Life Premiums 2009-2016 14

Growth Drivers And Risk Management Projections 15

Population 15
Table: Insurance Key Drivers, Demographics 2009-2016 15

Non-Life Sector 17

Middle East Non-Life Sector Overview 17
Table: Middle East And Africa Non-Life Premiums, 2008-2016 (US$mn) 17

Iran Non-Life Sector 20
Table: Breakdown Of Gross Written Premiums, 2009-2010 (IRRmn) 20
Table: Breakdown Of Earned Premiums, 2009-2010 (IRRmn) 21
Table: Retention Ratios, 2009-2010 (net premiums as % of gross premiums) 22

Non-Life Insurance Industry Forecast Scenario 24
Table: Total Non-Life Premiums 2009-2016 24

Growth Drivers And Risk Management Projections 25

Macroeconomic Outlook 25
Table: Iran’s Macroeconomic Data And Forecasts 2009-2016 27

Political Stability Outlook 28
Table: Middle East And Africa Defence And Security Ratings 31

Healthcare 31

Epidemiology 40
Table: Insurance Key Drivers, Disease Adjusted Life Years 2009-2016 41

Motor 42
Table: Insurance Key Drivers, Vehicle Production And Sales, 2010-2016 43

Islamic Finance 44

Insurance Risk/Reward Ratings 45
Table: Iran’s Insurance Risk/Reward Ratings 45
Table: Middle East And Africa Insurance Risk/Reward Ratings 46

Competitive Landscape 48

Competitive Landscape Analysis 48

Major Players In Iran’s Insurance Sector 49
Table: Direct Premiums And Direct Loss, 2006-2010 50
Table: Total Premiums Growth, 2006-2010 50
Table: Number Of Insurance Companies And Employees, 2006-2007 51
Table: Number Of Branches, Agents And Brokers, 2006-2010 51

Company Profiles 52

Local Company Profiles 52

Bimeh Alborz 52

Bimeh Asia 53

Bimeh Dana 54

Bimeh Iran 55

Parsian Insurance 56

Regional Company Profiles 58

Allianz 58

Arab Insurance Group (ARIG) 60

Aviva 61

AXA 62

Chartis 63

Iran Demographic Outlook 65
Table: Iran's Population By Age Group, 1990-2020 ('000) 66
Table: Iran's Population By Age Group, 1990-2020 (% of total) 67
Table: Iran's Key Population Ratios, 1990-2020 68
Table: Iran's Rural And Urban Population, 1990-2020 68

BMI Methodology 69

Insurance Risk/Reward Ratings 71
Table: Insurance Risk/Reward Indicators And Rationale 72
Table: Weighting Of Indicators 73

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